New Delhi: The sleuths of Delhi Police Crime Branch has arrested two robbers who were wanted in a gun point heist of Rs 1.40 crore in national capital’s Rani Bagh area, police said on Monday.

The accused have been identified as Babloo, a resident of Sultanpuri and his associate Vikas (39), a resident of Anand Parbat, they said. The duo had robbed the man in March.

 According to the police, the accused were arrested near the Ashoka Metro on Sunday. Around Rs 5.50 lakh were recovered from them. Documents of property worth more than Rs 26 lakh bought from looted money has been recovered as well.

Two other members of their gang — Alam Ali and Mustkeem were arrested in April by the Crime Branch, which had also recovered around Rs 40.40 lakhs of the looted money from them, police said.       

“The incident took place in March. In his complaint, the victim, a resident of Saraswati Vihar had said when he was returning with his father in his car from Naya Bazaar, four people on two motorcycles stopped their vehicle near Pitampura and robbed them of Rs 1.4 crores at gunpoint,” Rajeev Ranjan, Additional Commissioner of Police (Crime) said.

Vikas and Babloo were also involved in another case of robbery in west Delhi’s Moti Nagar where they along with their accomplices had looted a man of Rs 8 lakhs at gunpoint.

Vikas used to keep tabs about movement of cash in the Naya Bazaar area and when he got to know about such movements, he shared the information with Babloo. Then together the duo used to hatch a plan to rob the victims, a police officer said.

The gang usually followed their targets on their scooters. On an opportune moment, they would intercept the victim’s vehicle. One of the scooter would block the target while the other scooter would block the target vehicle sideways. They would then threaten the victims at gunpoint and rob them of their cash, the officer said.

Babloo had purchased a flat worth Rs 23 lakhs from the looted amount in Palam and had bought amenities worth Rs 3 lakhs to furnish his flat. His associate Vikas had paid Rs 4 lakhs to a financier to get a new LGV (Light Goods Vehicle) from Tata Motors and Rs 1.5 lakhs to an insurance company to clear his dues.

Babloo was also involved in 15 different cases including that of robbery, dacoity, snatching and other heinous crimes registered at various police stations, the officer said. Investigation revealed that the fifth associate in the case, identified as Baba had more than 24 criminal cases registered against him at various police stations.

“Baba orchestrated his arrest in some other case under a false name so that the looted cash stayed intact and he did not have to return it,” the senior officer added.